Posted on 07/22/2010 8:47:52 AM PDT by frogjerk
WASHINGTON -- New jobless claims in the U.S. jumped last week by the most since February, reversing a sharp fall two weeks ago. The rise is partly a result of seasonal factors but also reflects the job market's weakness.
The Labor Department says new claims for unemployment insurance jumped by 37,000 to a seasonally adjusted 464,000. Analysts expected a smaller rise, according to a survey by Thomson Reuters.
The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that drop was driven by temporary seasonal factors and not necessarily by an improving job market.
Two weeks ago, General Motors and other manufacturers reported fewer temporary layoffs than usual this time of year, the Labor Department says.
(Excerpt) Read more at foxnews.com ...
Former Census Workers starting to file claims.
Gee, I wonder how many of them are involved directly or indirectly in oil business? Another unexpected success story brought to you by Obama, Pelosi and Reid.
Another success in the War on America.
Bush avg’ed about 5% unemployment.
It probably would have been lower except for MCCain-Feingold which gave the Dems Congress in 2006. MCCain is a POS.
“Unexpected Increase In Unemployment,” —New York Times
Unxpected....naturally?....
And Bush was excoriated on a near daily basis for his “sky-high” unemployment numbers.
The liberal newsmedia and TV. Until people cancel TV enmasse than the libs will be in control. The made this black racist woman into a hero in 6 hours.
I wish them all the best. Managers shouldn't be allowed to run good people off. After the big 2009 "voluntary" lay off, the people remaining covered the workload of the departed and they have NO PLANS to ever bring back those people - I don't care if sales hit 150 mil, they will just grind these people into the ground until they have breakdowns, then cast them off and hire temps.
The Baraqqis are out of bullets.
The stim was a bust.
Their economic policies have terrified business.
Here’s a Powerpoint from our buddies at Goldman predicting a weak second half 2010:
http://paul.kedrosky.com/archives/2010/07/hatzius_the_us.html
Albert Einstein: “Insanity is doing the same thing over and over again but expecting different results.”
Socialists are insane. In fact, as things come apart, as entire systems fail (Social Security, Medicare, VA etc.), or even nations go under (DDR, Soviet Union, etc), all they do is scream louder that if we just increase the scale, if we just turn up the degree one notch higher with this idea, maybe then it will work.
The underlying problem with socialism is that the basic market forces and human nature are omnipresent, but they choose to ignore them. They are so engrossed in a theory, in an idealistic world of rainbows and cotton candy where all get along in a workers paradise that they over look all the flaws from an economic, constitutional, human behavioral standpoint. Socialism is the consequence of having ideology and feelings triumph over reason and truthful decision making.
Let them play golf.
The obvious answer is more government money to shut these people up and keep their butts at home so it doesn’t look bad for the chosen one.
“Unexpected Increase In Unemployment,” —New York Times
Seriously, how many times have you seen the word “UNEXPECTED” in headlines concerning the jobs situation in the last year?
The hidden meaning is, of course, that the government has the smooth recovery under control and any deviation from that (imaginary) outcome is “unexpected” = temporary, anomalous
Ugh...but thanks for the info.
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